NIFTY OUTLOOK & OPTION CALL PUT TIPS FOR 23 JUNE 2022

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OR FILLUP YOUR NAME MOBILE NUMBER SEGMENT IN THE GIVEN FORM GIVEN HERE 👉👉👉 & SUBMIT IT, SO WE WILL CALL YOUAfter a breather, the bears took control of the markets, which ended in heavy losses. The benchmark started on a muted note, tracking weak Asian markets, and another bearish bias continued throughout the day as selling pressure mounted in metals, media and energy. Consequently, the Nifty closed 1.44% lower at 15413 levels. The broader markets, mid-cap and small-cap, closed in tandem with the benchmark. All sector indices closed lower. On Thursday, June 23, markets will initially react to the Fed Chair's speech scheduled tonight. Also, progress on monsoon, crude oil price and currency movements will be crucial to monitor. We reiterate our cautious stance on the markets and expect volatility to remain high in the near term. In the meantime, traders are advised to hold a hedging position while investors should focus on stock selection. Markets have fallen sharply below normal volume, suggesting a lack of decent buying to offset the selling pressure. Now Nifty has support at 15300-15250 while on upsides it might face resistance at 15600 and later 15700.

Resistance: 15500, 15600, 15700

Support: 15400, 15300, 15200